Prepare journal entries to record the following August 2023 transactions of a new business called For the Love of Pixels. Aug. 1 Joseph Eagle, the owner, invested $15,000 cash and photography equipment with a fair value of $52,000. 1 Rented a studio, paying $15,000 for the next three months in advance. 5 Purchased office supplies for $2,300 cash. 20 Received $9,700 in photography revenue. 31 Paid $1,500 for August utilities